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Bitcoin Price: Almost $10,000 Now, What's Next?

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Bitcoin Price: Almost $10,000 Now, What's Next?

Post by Vladdirescu on Wed Nov 29, 2017 4:11 am

Reaching all-time highs every day is not surprising anymore. It is not a rollercoaster and not simply an upsurge. It is a hyperjump.

According to Mark Dukas, Bitcoin and Blockchain Consultant, and cryptocurrency trader at BitcoinSmartMoney.com, “this week's trend of Bitcoin blowing through all-time highs continues. The Bitstamp chart shows Bitcoins price reaching $9,721 before taking its first breather. The amount of volume on the move up to $9,700 was higher than average volume over the past few days. As a trader, this legitimizes the price move up.”

As to the possible Bitcoin price change in the future, Mark Dukas shared his opinion with Coinidol:

“From a technical analyst view, Bitcoin's mid-term price support on the 720 min chart (2 bars per day) is currently at $7,431.00. New resistance is now $9,721 and price support sits at $5,555.00. Look for another small push down before prices takes off through $10,000 USD. Be sure to check out volume moving the price to see the legs this next move has. A mind-blowing number came out of the Coinbase camp: 33,000 new users every day are signing up. The amount of Bitcoin mined per day: 1,800. Math and numbers don't lie. Look for $10,000 plus and cryptocurrency market cap as a whole to reach half a trillion dollars in 2018.”

The full article: https://coinidol.com/bitcoin-price-analysis/


Vladdirescu

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